How to Put Car Insurance in Your Parent's Name

Getting Insurance on an Existing Car

1.

Ask your parents to call their insurance company and get a personal quote for adding a household member to their existing policy.

2.

Ask them to call various insurance companies to compare rates. Often, other companies may offer a lower rate and it may be worthwhile to switch insurance companies.

3.

Get quotes on insurance rates if you were to take the policy in your name and compare this with the above rates--even if you just to appreciate the difference.

Getting Insurance on a New Car

1.

Register the new car in your parent's name if you are above the age limit required by your parent's insuanrce company. You can register a new car in your name and obtain coverage through your parent's company if you meet the company's age limit standards.

2.

Ask your parents to call their insurance company and get a personal quote for adding a household member to their existing policy.

3.

Ask them to call various insurance companies to compare rates. Often, other companies may offer a lower rate, and it may be worthwhile to switch.

4.

Call to find out insurance rates if you were to take the policy in your name and compare this with the above rates--even if you just wanted to see the difference.

Tips and Warnings

  • Take advantage of this, even if you are not a minor or under 18 years of age. Any adult family member can be added to an existing insurance policy of another family member.
  • Avoid buying a sports car. This can really raise your parent's overall insurance rates.